Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Hallmark Considers Options for New Zealand Business

Hallmark Considers Options for New Zealand Business

Iconic brand, Hallmark – the world’s largest greeting card company – is looking to partner with a local New Zealand business to distribute its cards and products nationally.

Hallmark currently operates a fully integrated business model in New Zealand. However, Hallmark International CEO, Russell Parker said local market factors and the ongoing need to contain costs while maintaining a high level of support for customers meant it needed to assess alternatives to continue a robust business into the future.

“Since it was founded more than 100 years ago, Hallmark has moved with the times, continually reviewing and reshaping its business. In a particularly small market like New Zealand, a partnership may provide a sustainable proposition for Hallmark while also delivering increased scale for a Kiwi distribution business and, importantly, continued quality local service for our customers.

“However, this is not an easy decision and our New Zealand team is our first priority. We are currently consulting with our staff about possible moves. They are aware that we are exploring the possibility of partnering with an established New Zealand distributor.

“We are hoping that any final decision will provide some opportunities for staff to transfer their employment to a distributorship as many of them can offer extensive experience in the industry. However, we are being completely open that this cannot be guaranteed.

“Throughout the consultation period, we are supporting our staff with an Employee Assistance Programme that provides an opportunity to talk through their concerns and receive counselling,” Mr Parker said.

Mr Parker said a decision regarding the future of Hallmark in New Zealand would be made following consultation with staff in about two to three weeks and that staff would be informed first.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news